Plug Power sheds 8.6% after-hours, proposes public offering of common stock

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BMO Capital Reiterates Underperform Rating on Plug Power (PLUG), 'liquidity situation appears more perilous than even we though'

July 19, 2024 7:15 AM EDT

BMO Capital analyst Ameet Thakkar reiterated an Underperform rating and $2.25 price target on Plug Power (NASDAQ: PLUG)

The analyst comments "PLUG's liquidity situation appears more perilous than even we thought. At close of market, PLUG announced a $200MM equity offering and its... More